Add Visa Calls
Playing a Recovery Move
PLAY: Buy the V April 90 Calls (O:V 10D90.00) at or under $2.00, good for the day. Place a protective stop limit at $1.10 and a pre-determined sniper sell at $2.90.
Dear Bottarelli Research Member,
Good morning. It’s another day, and yet the markets still refuse to move lower. Recent obstacles like Greece’s debt, health care, and the third consecutive month of weakness in existing home sales have all failed to derail this market. It’s getting to the point where the markets are not climbing a wall or worry anymore. Since nothing seems to worry this market, we’re simply climbing day after day. At some point, this mentality will change. But until it does, we must continue to play alongside it – while also being prepared for the fall via SDS and QID.
In that spirit, I’d like to get positioned to the upside in Visa (V – NYSE). As you can see below, the credit card provider has dipped recently, but it’s now staging a comeback. Let’s ride this recovery move using April calls.
PLAY: Buy the V April 90 Calls (O:V 10D90.00) at or under $2.00, good for the day. Place a protective stop limit at $1.10 and a pre-determined sniper sell at $2.90.
And as always…
Lock and load!
Sincerely,
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